Tern plc (LSE:TERN) said its portfolio company Device Authority has entered into a strategic partnership with cybersecurity specialist Xalient to strengthen security solutions for Internet of Things (IoT) and operational technology environments.
Under the agreement, Device Authority’s KeyScaler platform will be integrated into Xalient’s managed security services offering. The partnership is aimed at industries including energy, utilities, manufacturing, healthcare and critical infrastructure, where growing numbers of connected devices and tighter regulatory requirements are increasing demand for automated cybersecurity solutions built around Zero Trust principles.
The collaboration is designed to provide scalable management of device identities throughout their lifecycle, covering areas such as onboarding, credential provisioning, certificate renewal and secure decommissioning. Management said the approach is intended to reduce reliance on manual processes in large and complex enterprise environments.
By combining Device Authority’s machine identity automation capabilities with Xalient’s AIOps-enabled managed services platform, the companies aim to improve operational resilience, regulatory compliance and overall security management for enterprise customers.
The agreement could strengthen Device Authority’s position within the expanding IoT cybersecurity market and potentially enhance the long-term value of Tern’s investment portfolio, which is focused on emerging IoT technology businesses.
Tern’s broader outlook continues to be constrained by weak financial performance, including declining revenue, ongoing losses and negative operating and free cash flow. Technical indicators also continue to reflect a longer-term downtrend, although some signs of stabilisation have emerged following oversold conditions. Valuation remains difficult to justify given the company’s negative earnings profile and lack of dividend support.
More about Tern plc
Tern plc is a UK-based investment company focused on early-stage businesses developing Internet of Things technologies. Its portfolio includes Device Authority, which specialises in identity and access management solutions for IoT and operational technology devices across sectors such as automotive, healthcare and industrial infrastructure.
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